Czech Corporate Governance Rules to Change Temporarily Under Lex COVID-19

    April 2020

    In response to the coronavirus disease 2019 (COVID-19) outbreak, the Czech Republic has introduced a number of temporary changes to the existing corporate governance rules to help overcome some of the practical issues arising from the emergency measures adopted in the Czech Republic. These changes form part of a broader legislative effort to fight the effects of COVID-19 and are set forth in a newly adopted Act on Mitigation of the Impact of Coronavirus SARS CoV-2 Epidemic (Lex COVID-19)*, which came into effect on 24 April 2020.

    These changes will apply only for the duration of the Czech COVID-19 emergency measures, which make it impossible or substantially more daifficult to hold corporate body meetings, but no longer than until 31 December 2020, unless specified otherwise.

    This publication is a brief overview of the key changes to the corporate governance rules introduced by Lex COVID-19, and how these apply to Czech corporate entities.